wsj.com
The Price of Inequality: How Today's Divided Society Endangers Our Future
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The bottom 50 percent of the population in the U.S. owns less than 2 percent of total wealth. It used to be 3 or 4 percent 20 years ago; now it’s less than 2 percent. It’s always been very small, in any case, but it’s not going in the right direction. This has all sorts of bad consequences in terms of how you can plan your own life.
David Wallace-Wells • Thomas Piketty Knew This Was Coming
U.S. Economy Being Powered by the Richest 10% of Americans - WSJ
wsj.com
During the recession of 2007–09, for example, the average wealth of the top 1 percent dropped by 16 percent; meanwhile the wealth of the bottom 99 percent dropped 47 percent. The statistics go on and on and are startling.9
Maggie Kulyk • Integrating Money and Meaning
One key insight into these very high income households is they do best in bubble booms, like the 1920s where they controlled up to 45 percent of net worth, and the 1990s and 2000s, where they reached closer to 40 percent (although some studies found their assets reaching as high as 45 to 47 percent in recent peak years). (See Figure 1-18.)